COST REDUCTION ACTIONS

3 Months Ended

Mar. 31, 2013

NOTE 13—COST REDUCTION ACTIONS

On January 22, 2013, the Board of Directors of the Company approved a cost—reduction action to cease manufacturing at the Company’s East Windsor, Connecticut facility after being notified its largest customer selected an alternative supplier. In addition, the Company executed headcount reductions of 130 employees on a global basis during the first quarter of 2013.

In conjunction with these headcount reductions, the Company recognized severance and other benefits of $1,268 in cost of sales and $305 in selling, general and administrative expense for the three months ended March 31, 2013.

A rollforward of the restructuring accrual, which is recorded in accrued liabilities in the Condensed Consolidated Balance Sheets was as follows:

	March 31, 2013
Balance at December 31, 2012	$	200
Additions	1,573
Cash utilization	(1,547		)
Balance at March 31, 2013	$	226

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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